Sections

Weather Forecast

Close
Advertisement

Tech companies agree to pay more than $300 million to settle hiring lawsuit

Email News Alerts

SAN FRANCISCO - Four major tech companies including Apple and Google have agreed to pay $324 million to settle a large antitrust lawsuit over no-hire agreements in Silicon Valley, according to sources familiar with the deal.

Advertisement
Advertisement

Tech workers filed a class action lawsuit against Apple Inc, Google Inc, Intel Inc and Adobe Systems Inc in 2011, alleging they conspired not to poach one another's employees in order to avert a salary war.

Trial had been scheduled to begin at the end of May on behalf of roughly 60,000 workers in the class.

Advertisement
Advertisement
Advertisement